Big news on the morning of the 24th! ! ! !
#美联储何时降息？
If Trump is elected, the cryptocurrency market might see changes! ! ! !
If Trump wins, his partnership with Gensler may continue. Former President Donald Trump has publicly stated that he supports cryptocurrency and plans to end the "anti-crypto movement" within an hour if re-elected.
However, Trump's team has remained vague about specific cryptocurrency policies.
It’s important to note that the current SEC (Securities and Exchange Commission) Chairman, Gary Gensler, will serve until 2026. This means that even if Trump is elected, he cannot immediately remove Gensler. According to US law, the president can only dismiss SEC members for "inefficiency, dereliction of duty, or malfeasance."
Additionally, President Joe Biden has nominated Caroline Crenshaw for re-election as an SEC member, with the Senate voting on this nomination next month. This adds more uncertainty to Trump's potential cryptocurrency policies if he is elected.
The implications of Trump’s stance on cryptocurrency
Trump's pro-cryptocurrency stance has drawn significant attention within the cryptocurrency community. His position suggests that if re-elected, the US regulatory environment for cryptocurrencies might become more relaxed. However, considering the potential partnership with Gensler and the Senate vote on Crenshaw's re-election, there are still many uncertainties regarding whether Trump can achieve his cryptocurrency policy objectives.
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